3 Books Every Franchise Buyer Needs to Read

With technology disrupting the world of franchise, use the tools from these three books to stay innovative with your business. Image credit: Sandra Starke/EyeEm | Getty Images RICK GROSSMANN VIP CONTRIBUTOR Author – Entrepreneur Magazine’s Franchise Bible – CEO Franchise Hub/Vet Starter        There are many new authors in the franchise and small business category that have written some very helpful books for our industry. Recently, I have been…

So You Want to Open a Franchise…

This is a good article by Eric Pritchard, about some of the legal issues to consider when buying a franchise.  Although he specifically talks about USA law most of these points are valid when buying a franchise in Canada. BY ERIC PRITCHARD ON JUL 17, 2017 Eric Pritchard is a Philadelphia Lawyer who spends his workday making the world safe for electronic security providers. He can be reached at epritchard@kleinbard.com. This column…

5 Strategies for Franchise Leadership Development

Image credit: GaudiLab | Getty Images RICK GROSSMANN VIP CONTRIBUTOR Author – Entrepreneur Magazine’s Franchise Bible – CEO Franchise Hub/Vet Starter      In my most recent article, I identified the five primary departments that make up every business: leadership, finance, operations, marketing and technology. The most important of these is leadership. The experience, business acumen and commitment of company leaders have a greater impact on the outcome of the business than the…

5 Insider Franchise Marketing Tips for Boosting Foot Traffic in 2017

As technology evolves, franchise marketing teams must evolve as well in order to stay relevant and profitable. Enticing customers to visit your locations requires a broad strategy that engages customers online, on their mobile phones, and in-store. In this article, we’ve rounded up five top tips for franchise marketing best practices that work across many different types of franchises. 1) Target mobile advertising to individual locations With consumers’ ever-present smartphones,…

The pros and cons of owning a franchise

Buying into a franchise means you have immediate access to an extensive and rich network of other franchisors 25 JUNE 2017 – 00:00 DINEO TSAMELA Subway franchise. Picture: REUTERS/NOOR KHAMIS Advantages of owning a franchise include: A franchise comes with a logo and name. This eliminates the cost of having to come up with a name and all the work that goes into registering your business. You’ll also have access to…

Why trouble is brewing at Tim Hortons Franchise System

SYLVAIN CHARLEBOIS, SPECIAL TO MONTREAL GAZETTE Published on: July 2, 2017 | Last Updated: July 2, 2017 1:00 PM EDT With new ownership comes a new reality for franchisees, writes Sylvain Charlebois JOHN KENNEY / MONTREAL GAZETTE FILES Tim Hortons is slowly becoming a classic case of a completely dysfunctional franchise system. Franchisees on both sides of the border are now pressuring Restaurant Brands International Inc. (RBI), the new owners of the franchise,…

Female franchisee, franchisor share tips, advice for success

  July 3, 2017 | by Judy Mottl Judy Mottl is an experienced editor, reporter and blogger who has worked for top media including AOL, InformationWeek and InternetNews. She’s written everything from breaking news to in-depth trends Beware of becoming a hugely successful female franchisor. You may just end up on “Undercover Boss,” a highly enjoyed television series in which top chiefs don disguises to ferret out problems and meet employees in…